Treasuries saw further upside in early trading on Friday but gave back ground over the course of the trading session. Bond prices pulled back off their early highs and spent the rest of the day lingering near the unchanged line. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, edged down by less than a […]

Apple is making significant investments in artificial intelligence (AI), allocating millions of dollars daily to developing AI models across multiple teams. The tech giant expects these tools to challenge other prominent AI models, including those offered by OpenAI and Google. Apple’s Controversial AI Unit According to a recent report from The Information, Apple’s conversational AI unit, known as “Foundational Models,” […]

For years the buzz was that artificial intelligence (AI) was the next big thing. As usual, when it comes to technology innovation, the opening salvos from private equity and others took quite a while to catch up with reality. That all changed last year with the introduction of OpenAI’s ChatGPT, and then the company offered expanded access to OpenAI’s DALL-E […]

Two notable earnings reports are scheduled for release Monday, one before U.S. markets open and one after they close. The following table is based on data from Briefing.com and includes a consensus forecast in dollars for quarterly earnings per share and EPS reported last year, and the consensus forecast for quarterly revenue in thousands of dollars. Companies marked with an […]

(Reuters) – South Carolina’s highest court on Wednesday upheld a new state law banning abortion after fetal heart activity is detected, usually around six weeks of pregnancy, months after it blocked a similar ban.FILE PHOTO: South Carolina Republican state senator Katrina Frye Shealy debates a six-week abortion ban at the state legislature in Columbia, South Carolina, U.S. May 23, 2023. […]

Nearly three months after joining the trillion-dollar club, NVIDIA Corporation NVDA is minting more money than ever. One of the world’s largest chipmakers saw its revenues more than double in the fiscal second quarter, banking on the unparalleled demand for chips needed to run artificial intelligence (AI) applications. For instance, Nvidia’s A100 AI chips are required to operate OpenAI’s ChatGPT […]